StanChart: Strategy BTC Sale Sparks Ethereum Outperformance at $1,987

Ethereum trades near $1,987 on June 3 after a 57% drop from its August 2025 peak. Standard Chartered maintained its bullish targets of $4,000 by end-2026 and $40,000 by end-2030 throughout late May, comparing ETH to Amazon post-2001 and highlighting near-record on-chain metrics in stablecoins (54% share) and RWAs (62% dominance). On June 1, Citigroup added a $5.5 trillion tokenization forecast by 2030. The latest development came June 2 when StanChart’s Geoffrey Kendrick argued Strategy’s Bitcoin sale could mark the start of ETH outperformance versus BTC, targeting a 0.04 ETH/BTC ratio by year-end.